elonmuskinv.com is a contract-for-difference trading website set to launch in May 2024. The company entity is ELON MUSK INC. The site primarily offers CFD trading services in markets such as forex, stocks, spot indices, futures, precious metals, and energy to investors.
Company Information and Background
Basic Information
- Brand Name: ELON MUSK INC
- Website Domain: elonmuskinv.com
- Site Registration Date: May 12, 2024
- Operational Address: Not provided
- Slogan: JOIN A TRUE GLOBAL BROKER AND TRADE THE WORLD AROUND YOU 24/7
Company Introduction
elonmuskinv.com claims to have successfully expanded to over 180 countries, serving both retail and institutional clients. The platform offers top-notch liquidity and advanced trade execution services to clients via a No Dealing Desk approach. The firm promotes itself as an award-winning forex and commodity broker, offering flexible trading conditions, swift execution speeds, and a variety of account options.
Entity and Regulatory Information
- Registration Statement: ELON MUSK INC claims to be registered in Saint Vincent and the Grenadines, with registration number 1485 LLC 2021. However, this number is actually registered to a company named NATIONFX LLC.
- LEI Code: The company's displayed registration code is 54930043XZGB27CTOV49, but this code actually corresponds to Tesla, Inc.
- Financial Regulation: The platform does not disclose any financial regulatory authorities governing it on the website.
Services and Products
Trading Instruments
elonmuskinv.com offers the following trading instruments:
- Forex
Offers trading of major and cross currency pairs, such as EUR/USD, USD/JPY. The forex market is highly liquid and full of trading opportunities. - Stocks
Covers trading in globally popular stocks like Apple, Tesla, and Amazon, providing investors the chance to directly participate in corporate growth. - Spot Indices
Offers price trading of major global stock indices such as the S&P 500 and Nasdaq 100, without the need to hold physical assets. - Futures
Trade standardized contracts covering assets such as energy, agricultural products, metals, and indices, suitable for speculators and hedgers. - Precious Metals
Includes metals like gold and silver, often seen as safe havens and important for market volatility hedging. - Energy
Encompasses commodities like crude oil and natural gas, ideal for traders interested in macroeconomic and geopolitical developments.
Account Types
The platform offers two types of accounts: CLASSIC accounts and RAWSPREAD accounts.
- CLASSIC Account
- Trading Platform: Supports MetaTrader 4, web, and mobile trading
- Spreads: As low as 0.0 pips
- Leverage: Up to 1:300
- Minimum Deposit: $100
- Minimum Trade Size: 0.01 lots
- Trading Commission: No commission
- Bonus Policy: Offers flexible bonus options
- RAWSPREAD Account
- Trading Platform: Supports MetaTrader 4, web, and mobile trading
- Spreads: As low as 0.0 pips
- Leverage: Up to 1:100
- Minimum Deposit: $200
- Minimum Trade Size: 0.01 lots
- Trading Commission: Up to $15
- Bonus Policy: Offers flexible bonus options
Trading Tools and Platforms
Trading Platform
The website claims to support the MT4 trading platform. However, upon verification, no broker named "ELON MUSK INC" was found on the MT4 platform.
Educational Resources
The website does not provide any investor educational resources.
Deposit and Withdrawal Methods
The platform has not clearly stated deposit and withdrawal methods.
Agency Policy
elonmuskinv.com offers a multi-tier agency program, focusing on the following details:
- Account Types: Business Account and VIP Account, supporting various trading platforms (MetaTrader 4, MetaTrader 5, WebTrader, and mobile).
- Income Model: Earn commissions by inviting clients through a unique link, where agents receive commissions once the clients trade.
- Tier Structure: Utilizes a seven-tier agency system supporting multi-tier sub-affiliates.
Brand Reputation and Online Data
- Website Traffic: According to Semrush and Ahrefs data, the site receives an average of 0 visits per month, indicating minimal usage.
- Brand Exposure: There is no public network coverage about ELON MUSK INC.
- Social Media: No accounts exist on platforms like Facebook, Twitter, Instagram, LinkedIn, or YouTube.
Conclusion
elonmuskinv.com claims to be a global CFD trading platform, yet the information provided reveals significant contradictions and inaccuracies:
- Brand Copying: The site uses "ELON MUSK INC" as its brand name and domain, exploiting the influence of the well-known entrepreneur Elon Musk. Also, the LEI registration code used by elonmuskinv.com pertains to Tesla, a company founded by Elon Musk.
- False Company Information: The claimed corporate entity does not match actual search results, indicating serious misrepresentation.
- Lack of Regulation: It is not authorized by any legitimate financial regulatory body, compromising the security of client funds.
